TRON had its Independence Day press conference on June 25th 2018, 10:00 (GMT+8). Founder and CEO of TRON Justin Sun announced
TRON has completed token migration from ERC20 to main net. Community members initiated tron network and generated genesis block by which tron get independent.
TRON’s major breakthroughs since its founding:
- May 25th, launch of virtual machine in beta
- May 31th, the launch of main net Odyssey 2.0
- June 25th, creation of Genesis block, independence from Ethereum.
Justin Sun said:
“We launched our first version of the virtual machine on May 25th, which is fully compatible with Ethereum’s virtual machine environment. Developers can use Solidity to develop, debug, and compile in a familiar Remix environment without having to learn a new coding language. On July 31th, we will launch the official version of TVM, which will allow developers to use the TRON virtual machine to develop decentralized apps that are significantly better than Ethereum and unlock a powerful decentralized ecosystem.”
Today TRON introduce
- Genesis block creation
- Token migration
During token migration on June 25th, all ERC20 tokens will be migrated TRON main net.
Why is this migration necessary?
1- Ethereum has low TPS, which give lag to many Apps from running on the network.
2- Ethereum has high gas fees, while TRON doesn’t charge any transaction fees
3- Ethereum uses PoW which makes it difficult for the average user to participate at a low cost